A bitcoin merchant and a lawyer fromÂ has been charged with running an illegal money transfer business. Thomas Costanzo, who ran the online bitcoin service, offering equipment for mining and ATM, was arrested in late April, and was initially accused of illegal possession of firearms.

This week, Costanzo filed a new indictment related to his digital currency activities. Costanzo is accused of exchanging $166,000 with secret agents - from May 2015 to April 2017. The funds "were submitted by a representative of law enforcement agencies as proceeds from this illegal activity" (according to the indictment).

According to judicial documents, the accusation was brought against one more person, Peter Steinmetz. Costanzo and Steinmetz are accused of illegal busines involved in money transfer. Costanzo was additionally charged with money laundering and illegal possession of firearms.

In April, local and federal law enforcement officers raided the residence of Costanzo, and then an initial hearing was held on his case. Police in advance included in the arrest warrant bitcoin and digital currencies, suggesting it could insist on accusations apart from firearms.

This is the latest of the lawsuits in the US about the bitcoin trader, who is charged with illegal money transferring. Most of these cases are transactions using fictitious agents that act as "buyers" of btc.

About the author

Eric MarriamEric Marriam is a young writer. Even though he is not experienced he is able to make really high quality work. Eric is able to identify a problem people have and break it down, able to appeal to emotion through emotive writing, can change style of writing to cater to different audience. Eric Marriam is able to work creatively and effectively with staff and managers and despite his young age, he proved to be a clear and effective writer and speaker, committed to maintaining quality and efficiency, seeking for professional growth and development.

Spring is on its way, we are still pleased to offer 70% OFF Spring Ad packages, which gives up to 1 month of Sticky Listing, up to 1 month of static Leaderboard banner allocation and 2 Solo E-Mail Ads delivered to the 38K+ subscribers' database. Apart from that FOR FREE we are offering publishing interviews with hyip websites. You can find the questions following the link. Answer them, send the answers to us and we'll publish the interview in the newsline.